Would this news affect in any way the oil/gas market, and mainly the decision making speed of the Tanzanian authorities? http://thecitizen.co.tz/newe.php?id=17640
"It is end of an era for BP Tanzania, a major oil marketing company that has operated in the country for about a century.... "
Interesting, BP Tanzania has been selling liquefied petroleum gas for over forty years there, used to monopolise the market till recently and has a huge market share in the retail and distribution, also has a large stake in the transit petroleum business through the port of Dar es Salaam. It is 50% government, so actually BP group is withdrawing from the venture. It all comes as a surprise, obviously: "...the deputy minister for Energy and Minerals Adam Malima was quoted by a section of the online media saying he was also not aware of the move."
It is probably not a 'personal' but more likely a strategic move, as BP is ceasing operations in Namibia, Malawi, Zambia and Botswana. Still, would all that shake and move the thinks a little bit, or it's too much to ask...
KEY Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held